Suppose I made provision for expenses 0n 31 st january and get the bill on February and Bill date is 05.03.2022
then when I deducted TDS ?
Menu
TDS on Monthly Expenses Provission
Replies (6)
Bill or payment is the basis for Tds ..
Provision alone is not point of implication of Tds deduction
Provision alone is not point of implication of Tds deduction
Pls mention the nature of expenses.Is it daily utility bills tds not required?
Invoice or payment is the basis for deduction of Tds . So you may cut in February or on the date of payment and not in January based on Provision.
Nature of payment is salary for factory worker paid by a third party vendor and then they make invoice for us.....
You can deduct based on the invoice , why provisions is required ?
We make provision to get exact PL and BS report on monthly basic.
Recent Threads
- Turf Club Veterinary Department. Procurement Manua
- I have wrongly shown itc in reclaimable itc inste
- Help reqd in getting Professional Tax challan
- New form 139 as per Tax Act 2025
- In GST maintain invoices or bill in excel instead
- How to paid income tax in block return in itrb
- RCM Applicable for Man Power Supply (URD) to Regis
- Guidance Required for CA Final Group 2
- Income tax challan in block itrb
- CREDIT NOTE RECEIVED AGAINST REVERSAL OF ITC ON EA
Related Threads
CAclubindia
